INITIATION OF AN ANTI-DUMPING DUTY INVESTIGATION CONCERNING IMPORTS OF FLAT-ROLLED PRODUCTS OF IRON OR NON-ALLOY STEEL, OF A WIDTH OF 600MM OR MORE, CLAD, PLATED OR COATED WITH TIN (ELECTROLYTIC TINPLATE OR TINPLATE) ORIGINATING OR EXPORTED FROM THE PEOPLE’S REPUBLIC OF CHINA, THE REPUBLIC OF INDIA, JAPAN AND THE REPUBLIC OF KOREA
At present, the primary burden mainly stems from the Philippine operations since its inception in August 2022, further exacerbated by the tinplate dumping in the Malaysian market by foreign nations like India, Korea, China, and Japan.
According to the most recent quarterly results for the period ending 30/9/2024, the revenue for Philippine has been consistently rising, and the net income has also shown steady improvement.
This indicates a brighter future for increased plant utilization in the Philippines, which will be evident in the upcoming quarterly results.
Regarding the operation in Malaysia, since the anti-dumping duty is expected to be implemented in 2025, the outcomes should be favorable.
Regarding the Vietnam operation, it remains quite stable.
In summary, as the Philippine operation accelerates and the Malaysian operation sees improved margins due to the anticipated anti-dumping duty in 2025, the light at the end of the tunnel is becoming increasingly bright.
Does anyone have any information regarding the status of the antidumping duty investigation by MITI into coated iron or non-alloy steel flat-rolled products from China, India, Japan, and South Korea, prompted by a petition from Perusahaan Sadur Timah Malaysia (Perstima), which advocates for local coated steel manufacturers on 15/8/2024 ?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
RainT
8,448 posts
Posted by RainT > 2021-11-08 16:04 | Report Abuse
this one can buy ? being main reasons is Philippines expansion ??